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Job openings slip, quits rate hits record

  • October 12, 2021
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  • realestatelife

The number of job openings in the U.S. slipped off a record high in August as the quits rate increased to a record high. The total number of job openings fell by 659,000 to a seasonally adjusted 10.439 million at the end of August, according to the Labor Department’s Job Opening and Labor Turnover Survey,

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US jobs added in September fall far short of expectations

  • October 8, 2021
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  • realestatelife

U.S. employers hired less workers than expected last month as supplemental unemployment benefits expired. Nonfarm payrolls increased by 194,000 workers in September as the unemployment rate fell to 4.8%, the Labor Department reported Friday.

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House votes to pass stopgap funding bill to avoid government shutdown

  • September 30, 2021
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  • realestatelife

The House joined the Senate on Thursday to approve a bill to fund the government through Dec. 3 and avert a government shutdown for now. The House voted 254-175 and the bill will now head to President Biden’s desk. It’s one of several political issues being followed closely by the markets, which have fallen Thursday

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Initial jobless claims unexpectedly rise to 362,000

  • September 30, 2021
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  • realestatelife

The number of Americans filing for first-time unemployment benefits rose to 362,000 in the week ended Sept. 25, according to the Labor Department. Analysts surveyed by Refinitiv were expecting the number of first-time filings to decline to 335,000.

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Pending home sales spike amid rising inventory, moderating prices

  • September 29, 2021
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  • realestatelife

Pending home sales snapped back in August, following two months of declines, as the housing market showed signs of regaining its footing.

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Home prices surge 19.7% annually in July

  • September 28, 2021
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  • realestatelife

U.S. home prices rose at a record pace for the fourth straight month in July as strong demand overwhelmed low inventory.

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Fed leaders Rosengren, Kaplan announce retirement

  • September 27, 2021
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  • realestatelife

Eric Rosengren of the Boston Federal Reserve will retire Sept. 30, citing health reasons. He’ll be followed into retirement by the Dallas Fed president.

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US jobless claim rise 351,000 in surprise jump

  • September 23, 2021
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  • realestatelife

The Labor Department said Thursday that 351,000 Americans filed for first-time unemployment benefits in the week ended Sept. 18. Analysts were expecting 320,00 new filings.

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The Federal Reserve has issued a new press release. Below is the release, along with the easy-to-understand breakdown included.

  • September 22, 2021
  • no comment
  • realestatelife

September 22, 2021 This is #6 of 8 FOMC meetings this year. For release at 2:00 p.m. EDT – This is the time of day nearly all FOMC announcements are made. The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its

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Homebuilding rebounds in August

  • September 21, 2021
  • no comment
  • realestatelife

Housing starts rose 3.9% last month to a seasonally adjusted annualized rate of 1.615 million, the Commerce Department said Tuesday. Analysts were expecting 1.555 million starts.

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